Big Banc Split Corp.
BNK.TO
Toronto Stock Exchange18.30
CAD
+0.09
- -
Big Banc Split Corp.
BNK.TO
(Toronto Stock Exchange)
Recent
price
18.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Big Banc Split Corp. (TSX: BNK.TO) is a mutual fund corporation that invests in a portfolio of securities of Big Banc Corporation, providing investors with preferred and Class A shares that entitle holders to regular monthly cash distributions and potential for capital gains. The fund offers two classes of shares: preferred shares with priority on net asset value repayment upon redemption and fixed cumulative monthly dividends yielding 6.5% annually on the original issue price, and Class A shares that receive all residual value after preferred share obligations with an annual management fee of 1.0%. Purpose Investments Inc. serves as the investment fund manager, overseeing operations from its headquarters in Toronto, Canada, where the company was established. The fund targets Canadian investors seeking high income and leveraged equity exposure to the banking sector through Big Banc Corporation, a Schedule I chartered bank focused on commercial lending and mortgage brokerage services across Canada. Geographically, its underlying investments operate primarily in Canada, with Big Banc providing tailored financing solutions to commercial clients in key regions including Ontario and British Columbia. There are no publicly reported subsidiaries or parent company relationships beyond the management by Purpose Investments Inc., which handles a range of closed-end split share funds.
Big Banc Split Corp. Announces Class A Share Split